Here's who got rich off the Snapchat IPO

The IPO hit a major chord with investors, opening at $17 a share, racing past $25 and closing at $24.48 a share, for a 44% rise in value.
USA TODAY

LOS ANGELES — Two former Stanford University students who have yet to turn 30 made a whole lot of money from the Snap IPO.

Evan Spiegel, 26, and Bobby Murphy, 28, each sold 16 million shares in the IPO, both reaping a $272 million payout. Their remaining stakes, of about 210 million shares, are worth about $5.2 billion each based on the stock's first-day closing price.

Spiegel is the CEO and product visionary of the company, while Murphy's role is as the chief technology officer of Snap.

Other long-time Snap employees and investors cashed out or are sitting on big paper gains.

Timothy Sehn, Snap's vice president of engineering, has 6.6 million shares. He didn't sell anything into the IPO, but his paper stake rings up at $165 million.

Snap Inc. Chief Strategy Officer Imran Khan uses his mobile phone on the floor of the New York Stock Exchange during his company's IPO, Thursday, March 2, 2017, in New York.(Photo: Richard Drew, AP)

Imran Khan, Snap's Chief Strategy Officer, has 2.8 million shares, worth $69 million. Khan joined Snap from Credit Suisse, where he helped set up the biggest tech IPO ever, for the Chinese e-commerce company Alibaba Group.

Benchmark and general partner Mitchell Lasky sold 10.7 million shares into the IPO, for a payout of over $180 million. It will still have a stake worth nearly $3 billion.

Lightspeed partner Jeremy Liew.(Photo: Lightspeed Venture Partners)

Lightspeed sold 4.6 million shares, worth $78 million at the IPO price.

Jeremy Liew, a Lightspeed Partner, told USA TODAY Thursday that
the Snap IPO's message to other young tech start-ups is that if you can create something that "becomes part of the pop culture as Snap has become, you’ve got a really bright future."

Then Sony Entertainment CEO and Sony Pictures Entertainment chairman and CEO Michael Lynton speaks at the company's headquarters in Tokyo on November 18, 2014. He's now chairman of Snap.(Photo: Toshifumi Kitamura, AFP/Getty Images)

Michael Lynton, the former longtime CEO of Sony Pictures, was recently named chairman of Snap, Inc. He sold 55,000 shares into the IPO, or about $1 million. His remaining stake is worth $73 million.